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(Reuters) -South American e-commerce giant MercadoLibre Inc missed analysts’ forecasts after posting a fourth quarter net loss on Tuesday, despite a surge in sales. The company reported a quarterly net loss of $46.1 million, missing the mean Refinitiv forecast of $54.04 million net income. The Nasdaq-listed Argentine company’s gross merchandise volume, a widely watched figure …

Latam e-commerce giant MercadoLibre reports Q4 net loss of $46.1 million Read More »

(Reuters) – Space tourism company Virgin Galactic Holdings Inc reported a smaller quarterly loss on Tuesday as supply issues impacting the price of parts used in its spacecraft eased. Net loss was $80.8 million, or 31 cents per share, for the three months to Dec. 31, compared with a loss of $104.12 million, or 44 …

Virgin Galactic posts smaller quarterly loss Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended lower on Tuesday as investors were on edge over developments in the Ukraine-Russia crisis, paring some losses after U.S. President Joe Biden announced the first wave of sanctions against Russia. Biden also said he was hopeful diplomacy is still available, adding that the United States …

Wall St ends down but off lows as Biden announces Russia sanctions Read More »

By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto said on Tuesday that higher interest rates to combat double-digit inflation are supporting financial inflows, strengthening the Brazilian currency. Addressing a conference hosted by investment bank BTG Pactual, he also said positive fiscal figures are helping to attract investment to the country, among …

Brazil central bank chief says higher interest rates, positive fiscal are supporting FX Read More »

By Daniel Wiessner (Reuters) -A U.S. retail workers’ union on Tuesday accused Amazon.com Inc of unlawfully interfering with a union election at an Alabama warehouse where the company had already been found to have engaged in unlawful conduct to deter labor organizing. The Retail, Wholesale and Department Store Union (RWDSU) filed charges with the National …

Union says Amazon continues to interfere with election at Alabama warehouse Read More »

By Hyunjoo Jin SAN FRANCISCO (Reuters) – A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting widespread safety violations and race discrimination at Tesla’s factories. In the lawsuit filed with Alameda County Superior Court on Friday, Marc Cage, an African American, claimed to have …

Tesla hit by another lawsuit over racism by ex-worker Read More »

(Reuters) -Peloton Interactive Inc said https://status.onepeloton.com on Tuesday an issue that had prevented thousands of users from accessing its bike and treadmill classes had been resolved. More than 5,000 users had reported issues with the fitness products maker’s online services earlier in the day on Downdetector.com, a website that tracks outages by collating status reports …

Peloton says online services back up after outage Read More »

By Anna Ringstrom and Stine Jacobsen STOCKHOLM/COPENHAGEN (Reuters) -Ailing airline SAS on Tuesday launched a cost savings plan and said it hoped to raise new capital after posting a wider quarterly loss as it grapples with weak demand and tough competition. The group, which has been struggling for years, said it would fully transform its …

Airline SAS to restructure, aims to raise more cash Read More »

By Elena Fabrichnaya MOSCOW (Reuters) -Russian state bank VTB on Tuesday reported a record net profit of 327.4 billion roubles ($4.1 billion) in 2021, but said it would not give any forecasts until markets stabilise. Collectively, Russian banks made a record 2.4 trillion roubles profit last year as a rebound from the coronavirus crisis revived …

Russian bank VTB holds off forecasts despite record 2021 profit Read More »